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Debt-Limit Standoff, Tax Cuts Cited In EMBARRASSING U.S. Credit Downgrade

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Fitch Ratings nixed the triple-A rating of the United States in favor of a AA+ lower grade. Ana Kasparian discusses on The Young Turks. https://shoptyt.com/collections/justice-is-coming

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Read more HERE: https://abcnews.go.com/Business/wireStory/us-governments-debt-downgraded-101965529

"WASHINGTON -- Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government's credit worthiness, a move that spurred debate in Washington about spending and tax policies.

Fitch cited the federal government's rising debt burden and the political difficulties that the U.S. government has had in addressing spending and tax policies as the principal reasons for reducing its rating from AAA to AA+."

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230802__TB01_US_Credit_Downgraded
Category
Europe
Tags
230802__TB01_US_Credit_Downgraded, News, Politics
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